I’ve run the stats for 2008, and they’re pretty much what I expected. Total volume is down 21.95%, and agerage/median prices are virtually unchanged (average down by less than 1%, and median down by 0.27%.) Here are links to the 2007 statistics, and the 2008 statistics. These numbers are based on all sold single family residential properties listed on the MLS (it doesn’t include multi’s, lots, or commercial.)
Austin Real Estate: 2008 in Review
Jan 2nd, 2009 6:42:02pm +0000
Nice stats box. I think that many people in many areas of the country would love to have stats like that.
Yeah, those numbers are not bad at all. Despite the decrease in sale activity, it looks like the average sales price is holding up. We have similar stats in the more desirable areas of our market.
[...] percentage changes from December 2008 to 2007 were very similar to the 2008-2007 year to year changes. The average and median sales prices were down slightly, and the total volume sold was down [...]